Sattva MedTech and the medical device market of India

A FICCI report claims that Indian imports 85% of its medical devices worth $4.6 billion. Sattva MedTech and Forus Health are few companies that truly imbibe the concept of Make in India.

WHO estimates 1/3 of the stillbirths happen during the delivery which accounts for 5.9 million parietal deaths. In India, 30 million pregnancies occur, out of which 10 million need extra monitoring. Without extra monitoring, over 3 lakh perinatal deaths occur annually. Such deaths can easily be avoided with proper care and monitoring. 

In 2014, two BITS alumni from the Goa campus, Vibhav Joshi and Sumedh Kaulgud decided to address this issue. By launching Sattva MedTech. Joshi had returned home and found his mother, a gynaecologist, who mentioned to her son about the unreliability of using the NST-CTG machine (Fetal Non-Stress Test-cardiotocography). 

This pushed the duo to start researching more about NST technology along with fetal monitoring and labor management. They started their research a year before the company got created. Their first product, Fetal Lite, was a portable device with the ability to take an electrocardiogram of a fetus. 

The device could be used by a layperson and when there’s fetal distress it alerts with an alarm. This device received a 99.3% accuracy granted by St. John’s Medical College Hospital after being tested on 80 patients. 

The team received BITS 75 Charitable Trust Grant. They earned an undisclosed amount of seed funds from InnAccel. Later Sattva MedTech became an incubatee of InnAccel. The venture won The ‘Top 10 innovator’ in Stanford’s India Innovation Growth Programme. It also got the appreciation of the University of Texan, Niti Aayog and the Government of India.

The Indian medical technology market will reach $40 billion by 2025. A FICCI report claims that Indian imports 85% of its medical devices worth $4.6 billion. Sattva MedTech and Forus Health are few companies that truly imbibe the concept of Make in India. Will Sattva MedTech be an inspiration for future entrepreneurs to start medical device startups?

Tags : #VibhavJoshi #SumedhKaulgud #SattvaMedTech #InnAccel #diagnostic #pregnancydiagnostic #smitakumar #medicircle

About the Author


Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Puducherry Government's Noble Initiative: Empowering Underprivileged Students in Medical EducationSeptember 23, 2023
Title: From Dialysis to Freedom: Aditi's Inspiring kidney Transplant StorySeptember 23, 2023
Narayana Health Achieves Guinness World Record with 3,797 ECGs Conducted in a DaySeptember 23, 2023
Beyond Spoken Words, The Beauty of Sign Language: Celebrating the International Day of Sign LanguageSeptember 23, 2023
Dengue: Symptoms, Warnings & NS1 antigen TestSeptember 23, 2023
EQUIPPP welcomes Mr. Guru R. Sowle as an AdvisorSeptember 23, 2023
Exploring Patient Safety : Empowering patients , Ensuring safetySeptember 22, 2023
Manipal Hospitals Expands Its Footprint: A Game-Changer for Healthcare in Eastern IndiaSeptember 22, 2023
Empowering Palliative Care: Workshop Highlights from Pain Awareness Month 2023September 22, 2023
Studying Alzheimer's 7 Stages on World Alzheimer's DaySeptember 21, 2023
AIIMS Takes the Lead in Transforming Indian Healthcare with 'Ayushman Bhav'September 21, 2023
New study finds stressful jobs may double heart disease risk in womenSeptember 21, 2023
Global Women’s Health Innovation Conference 2023September 21, 2023
Our favourite cheese might just be a delicious way to boost our brainpower: Japanese Study Reveals Surprising FindingsSeptember 20, 2023
Our favourite cheese might just be a delicious way to boost our brainpower: Japanese Study Reveals Surprising FindingsSeptember 20, 2023
September 20, 2023
From Code to Care: How IT Firms Are Shaping India's HealthcareSeptember 20, 2023
Music and Sleep: Finding the Right Tune for Restful NightsSeptember 20, 2023
Addressing Child Mortality in Nandurbar: A Critical LookSeptember 20, 2023
Assam's Battle Against Toxic Magnesium Carbonate in Pan Masala BrandsSeptember 20, 2023